We've come a long way from the days of the first Great Depression. Even the Robber Barons were not as sophisticated as today's class of vampire squids-like banksters.
After decades of carefully putting together a financial system specifically designed to transfer wealth to the top (at an increasingly fast pace), while destroying the proper functions of government, it is now time to fully deploy it.
The savings and loans debacle in the 80's, the tech bubble, the 2007-08 housing bubble, business takeover practices like leverage buyouts, and activities by private equity firms, have all served as "financial laboratory" trials to perfect the system.
It's actually quite masterful... The small international cartel in charge of this fraud has actually devised a system that makes them money whether the markets are up or down.
There is a huge disconnect between what the public thinks is happening, and what's really taking place behind the scenes. People's attention (including the worthless media) is directed from one event to the other (in rapid succession), failing to see how these things are related. The debt ceiling charade; the market dropping 500 points in one day; the credit rating downgrade; the dismantling of the judicial system; defunding of regulatory agencies.
Next week it will all come together... One thing is going to lead to the next. Wall Street is going to collapse, the European markets are going to follow suit. There will be panic.
But the system will be working as it was designed--to transfer wealth and power to a small international criminal cartel, while weakening the U.S. and European governments, and hence weakening regulatory oversight.
It's all related. All those "exotic" financial instruments we hear about were designed to act as a virus that would infect the entire world financial system. The virus function is to destroy government institutions, grab wealth, and transfer it to the criminal cartel.
There are tens of trillions of dollars in play. As the markets collapse, credit default swaps come due. Somehow funds from retirement accounts, etc., are then used to cover those "obligations." All kind of entities will be affected, including states, pension funds, counties, unions, 401ks.
As these things happen, there is confusion, squabbling between politicians. The corporate-owned media shift into high gear spewing out enormous amounts of propaganda and misinformation.
If people understood how extraordinary it is that in the face of the most egregious financial crime spree, which caused the 2008 crisis, there has not been any significant criminal liability imposed, they would have a clue about what's about to happen.
These crimes were done in broad daylight and with impunity. In a normal situation thousands of people should have been prosecuted. We are not in normal times. We have crossed the rubicon. We have gone down the rabbit hole.
Putting aside my "speculation" about what's going to happen next week, think about the current reality for a second... The value of tens of millions of homes "underwater." A huge unemployment rate. Mind-boggling idiocy in our political system (debt ceiling charade, shut down of the FAA, voter suppression efforts across the country). The rapid dismantling of the judicial system. These things are real. But they are only the beginning of what's to come.
Pundits will be on TV talking about all these events, but not understanding (or not wanting to disclose) how they are all related. The European debt crisis, and the U.S. political, regulatory, and financial woes.
One useful exercise would be to "follow the money" as the collapse happens. Once the markets start tanking, and pension funds start being depleted, where is that money going to?
Get ready for it...
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